Document title: Underwriting Auction for sale of Government Securities for ₹28,000 crore on June 25, 2026
Issuing authority: Reserve Bank of India
Reference: Press Release 2026-2027/525
Date: June 2026
Capital Markets and Flows
The Government of India has announced the re‑issue of government securities amounting to a total of ₹28,000 crore, to be auctioned on 25 June 2026 (Thursday). Two tranches are being offered: a 6.68% Government Security due in 2040 with a notified amount of ₹17,000 crore, and a 7.43% Government Security due in 2076 with a notified amount of ₹11,000 crore. Under the underwriting commitment scheme dated 14 November 2007, each Primary Dealer (PD) is required to undertake a Minimum Underwriting Commitment (MUC) of ₹405 crore for the 6.68% GS 2040 and ₹262 crore for the 7.43% GS 2076. The same amounts constitute the minimum bidding commitment per PD under the Additional Competitive Underwriting (ACU) auction.
Regulatory and Policy Measures
The underwriting auction will be conducted using a multiple price‑based method on the specified date. Primary dealers may submit their ACU bids electronically through the Reserve Bank of India’s Core Banking Solution (e‑Kuber system) within a narrow window from 09:00 A.M. to 09:30 A.M. on the day of the auction. The underwriting commission earned by each PD will be credited directly to its current account with the RBI on the day the securities are issued.
The auction framework reflects the RBI’s ongoing commitment to facilitate efficient government borrowing while ensuring adequate market participation and transparent pricing mechanisms.